Larry Van Tuyl, who sold his empire of 81 dealerships to Warren Buffet in 2015, now owns eight dealerships after buying two Ferrari stores and two Toyota outlets over two weeks early this year.
Van Tuyl, through his Visionary Automotive Group, on Jan. 19 bought Ferrari of Houston and Ferrari of The Woodlands, both in Texas, from Giuseppe Risi. On Feb. 1, he bought Northridge Toyota and Toyota of Santa Barbara in Goleta, both in California, from Hitchcock Automotive Resources.
The acquisitions follow Van Tuyl's purchase of a Honda dealership last May in Houston. The former chairman of Berkshire Hathaway Automotive bought a BMW dealership in Glendale, Ariz., late in 2020 and also owns a Volvo store, which he acquired from Berkshire Hathaway, and a new Jaguar-Land Rover dealership, also in Glendale.